Boustead Projects

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Letter of demand
8 Jun 2017 BP E&C was awarded a contract from Veolia for its Singapore Hazardous Waste Treatment Facility
BP E&C made a claim against Veolia
28 Aug 2020 BP E&C received a letter of demand from Veolia for payment of $17m in relation to LD for civil and associated works
https://links.sgx.com/FileOpen/BP_Announ...eID=630634

Extract from 2019 AR:
Adding to our credentials in the waste management industry, we progressed with the construction of Veolia’s hazardous chemical waste treatment facility, laboratory and office building and also completed an industrial waste management complex for a separate client. During FY2019, Veolia’s office building was awarded the Green Mark Platinum.

Stay home and stay safe, everyone.

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BOUSTEAD PROJECTS ACHIEVES STRONG PROGRESS ON REAL ESTATE BUSINESS
• Secured four new key tenants at four different leasehold properties in
Singapore
    o Network for Electronic Transfers (“NETS”) at 351 on Braddell
    o Largest Asia-based coworking space company at Razer Southeast Asia Headquarters (“Razer SEA HQ”)
    o Zuellig Pharma at 10 Changi North Way
    o Shopee at 12 Changi North Way
• Further lease-up of 6 Tampines Industrial Avenue 5 to existing tenant
• New leases comprise over 39,600 square metres in aggregate net leasable area (“NLA”)
https://links.sgx.com/FileOpen/BP_Announ...eID=635623

Stay home and stay healthy, everyone.

[Curiousparty]

what is the implication? BP is one step closer to launching e.g REITS to unlock the tremendous value...

Boustead will be key beneficiary.

[ksir]

Finally the long awaited REIT is here?
I havent really gone through it in deep, but in a glance, it seems like the REIT is finally here.
This sounds like an advanced countdown fireworks to me (albeit more exciting one):
https://links.sgx.com/FileOpen/BP_Announ...eID=644101

In addition to the Company or its nominee, the initial Fund Investors are (i) AP SG 21 Pte. Ltd. (“APSG”), a special purpose vehicle for institutional real estate investors, and (ii) Metrobilt Construction Pte Ltd (“Metrobilt”), an indirect wholly-owned subsidiary of Metro Holdings

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BP - Industrial funds

Thanks MW, K and all valuebuddies.

Great news and I'm very grateful for your kind sharing on BP.

Vested in 2020 at about 78cents.

Hope that the announcement will be a turn-around.

Happy New Year and wish everyone wonderful 2021!



Stay home and stay healthy, everyone.

[Musicwhiz]

You're welcome. I am still vested in Boustead Projects.

Happy New Year everyone! May 2021 be a great year for all!

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BP
secured its first green loan in the region of approximately S$130 million from UOB

Mr Frederick Chin, Head of Group Wholesale Banking and Markets, UOB, said, “At UOB, we tap our sectoral solutions and sustainable financing expertise to help our clients advance responsibly. We are pleased to help our longstanding client Boustead Projects with its first green loan in the region"
https://links.sgx.com/FileOpen/BP_Announ...eID=645318

Stay home and stay healthy, everyone.

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BP
Proposed Acquisition of 49% Interest in KTG Industrial Bac Ninh Development JSC
The Proposed Acquisition is also expected to extend the Company’s presence in the key market of Vietnam, as the Target Properties are located in the north of Vietnam, whereas the Company’s current properties (i.e. Boustead Industrial Park) are located within the Dong Nai Province, neighbouring Ho Chi Minh City in the south of Vietnam.

It is also envisioned that the Target and Boustead & KTG Industrial Management Company Limited (“BKIM”) will enter into an asset management agreement and property management agreement in respect of the Target Properties. BKIM is a 50%-50% joint venture company between KTG and Echo Base-BP Capital (Vietnam) Pte Ltd, a wholly-owned subsidiary of the Company’s 50%-owned joint venture company Echo Base-BP Capital Pte Ltd. The entry into these agreements with BKIM is expected to enable the Company to generate additional income from the provision of asset management and property management services in respect of the Target Properties.

https://links.sgx.com/FileOpen/BP_Announ...eID=646829

Stay home and stay healthy, everyone.

[LionFlyer]

https://links.sgx.com/FileOpen/BPL_Media...eID=667778

BIF value is... considerable. Now to wait and see the mother's results on Thursday.

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BP@1.11

BP Result as at 31 Mar 2021
Rev $301m (vs 426m)
GP  $17m (vs  51m)
NP  $131m (vs  22m)
Div
Final    0.9cents (vs 0.8)
Special 14.5cents (vs NIL)
https://links.sgx.com/FileOpen/BPL_SGXNe...eID=667777


In view of the strong progress of the real estate segment and new fund management business balancing off the continued challenges faced by the E&C segment, the BP Group expects to remain profitable for FY2022, barring any unforeseen circumstances and further disruptions caused by the pandemic. The BP Group’s strong balance sheet has been further boosted by the BIF Value Unlocking Gain and had a record net cash level approaching $300 million and together with a network of strategic platforms and partnerships, has positioned the BP Group to continue pursuing growth initiatives across regional markets, along with strategic opportunities in mergers and acquisitions.



Stay home and stay safe, everyone.